Jewelry Pricing Calculator

Pricing your finished jewelry pieces for sale is one of the least fun, but most necessary tasks one must complete in order to have a successful jewelry business. Luckily, the tool below has taken a reliable, tried and true jewelry pricing formula and turned it into an easy to use jewelry pricing calculator. It's simple; just fill out the fields below and click the "PRICE" button to see the price for your piece. If you need help with any of the fields, click on the "?" icon for more information.

Retail or Wholesale

Retail or Wholesale - Where do you plan to sell your piece? If you will be selling directly to the customer (say, at a craft show, jewelry party or on a website like Etsy), select "Retail." If you will be selling your jewelry to a store, or anyone who will turn around and try to sell the piece themselves, select "wholesale." The lower wholesale price helps account for the additional markup that a second seller will put on the price.

Cost of Materials

QTY

PRICE

Item 1:

$

Item 2:

$

Item 3:

$

Item 4:

$

Item 5:

$

add item

Total:

$

Cost of Materials - Here we will add up the cost of everything you used in your piece: pendants, beads, spacers, crimps, wire, clasps, etc. It is important to find the price per piece of each supply beforehand and keep a record. Say, for example, you purchased a strand of beads for $8.99. Be sure to divide the total price ($8.99) by the number of beads on the strand (say, 40) to get a price per bead (in this case you paid 22 cents per bead). That way, if you use some of the beads on a necklace, some of the beads on a bracelet and some of the beads on a pair of earrings, you will know exactly what you paid for the beads that were used in each project. Do the same for your wire (divide total cost for the spool by the number of inches you received) and crimps (if you buy them in bulk, as most people do).

Other Costs

Gift Wrapping:

$

Boxes & Tags:

$

Other:

$

add item

Total: $

Other Costs - Don't forget to include costs that go into your piece of jewelry other than supplies. Do you send your jewelry in a nice box, for example? Add that to your cost. Perhaps you wrap your jewelry in bubble wrap, put your earrings on an earring card, or maybe you send a business card with every piece (those aren't free, afterall!). Add any incidentals here.

Labor Cost

Hourly Rate:

$

HOURS

MINUTES

Time Spent:

----- TIME YOURSELF HERE -----(OPTIONAL)

00:00:00

Idle

Total: $

Labor Cost - How much, per hour, is your time as a jewelry designer worth? If you aren't sure, a good standard is $10 to $20 per hour. As you become more experienced as a jewelry designer you will begin to learn what people are willing to pay for your pieces and what your skill level demands as a price. In general, the more experienced and skillful you are as a designer, the more your time is worth (just like any other job).